That is true but have a few ways to enforce securities rules and regulations.
The OTCM can place a CE on a company - why doesn't Pillsworth file a lawsuit against the OTCM to remove the CE. Just like why doesn't Pillsworth file a lawsuit to have Schaefer return the Bitcoin - because he knows the Bitcoin doesn't exist.
The OTCM can't halt or suspend a company - they don't have the power to prosecute companies or take legal action against officers, directors or investors that violate securities laws.
From the OTCM Counsel:
"One of our roles as a market operator is to help protect investors by arming them with key information. Our compliance team uses ‘flags’ or icons such as Stop, Yield or CE (Caveat Emptor) to inform investors where there are gaps in company disclosure. We also identify other potential risks we see in the market, such as shell companies and stock promotion. These risk flags signify that further diligence should be done before investing in a security.
In many cases, we put the CE designation in place before the SEC or FINRA has taken action. We use the CE flag when an irregularity or public interest concern emerges. The CE alert allows retail brokers to quickly restrict client trading in a security with problematic activity. We also make referrals to the SEC and note instances that warrant further scrutiny."
That is nonsense Pillsworth didn't start trying to clean up CCTL until he was forced to - and his fraudulent financials are the reason for the CE.
Pillsworth duped investors and many shareholders took the bait - in the July update Pillsworth informed everyone that he hasn't taken possession of the 2CRSi equipment - just for that he should resign but those married to CCTL are still defending the clown.
The facts are that no one called the OTCM to report CCTL - you said Pillsworth hasn't done anything wrong so what would anyone report?
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